DO INNOVATION INCENTIVES WORK? EVIDENCE FROM THE ITALIAN MANUFACTURING SECTOR

This report investigates the impact that fiscal incentives have on firm’s innovative performance. For this we use data from the 7th, 8th and 9th waves of the “Indagine sulle Imprese Manifatturiere Italiane” by Unicredit (previously managed by Capitalia-Mediocredito Centrale), which contains information on both product and process innovation by manufacturing firms, on the amount of resources invested in R&D (if such amount is positive) and it is also informative of the existence of forms of fiscal incentive for R&D and investment in innovative activities